DFA California Intermediate-Term Municipal Bond Portfolio
Financial ratios & Valuation

Historical Multiples (2013 – 2022)

2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 TTM Median
Valuation Ratios
Price/Earnings ratio
-12.395.1120.9610.45-525.03-63.858.5819.9434.26-4.30-4.44-525.03
Price/Sales ratio
11.0911.6011.9312.4212.6913.1014.2114.7215.4614.9225.1912.69
Price/Book Value ratio
0.870.800.820.810.850.880.850.860.861.021.050.85
Price/Cash Flow ratio
12.488.7228.7421.2953.79101.2913.9512.0516.2413.6514.11101.29
Price/Free Cash Flow ratio
12.488.7228.7421.2953.79101.2913.9512.0516.2413.6523.04101.29
Price/Earnings Growth ratio
0.08-0.01-0.270.105.14-0.09-0.00-0.35-0.780.00-0.04-0.04
Dividend Yield
6.48%6.34%6.49%6.39%5.51%N/A4.34%4.24%4.67%4.66%1.75%N/A
Profitability Indicator Ratios
Gross Profit Margin
100%100%100%100%100%100%100%100%100%100%100%100%
Operating Profit Margin
83.12%84.20%83.76%82.93%82.89%82.28%81.89%80.88%79.69%80.29%80.29%82.28%
Pretax Profit Margin
-89.57%227.04%56.92%118.77%-2.41%-20.53%165.58%73.83%45.12%-346.98%-346.98%-20.53%
Net Profit Margin
-89.57%227.04%56.92%118.77%-2.41%-20.53%165.58%73.83%45.12%-346.98%-346.98%-20.53%
Effective Tax Rate
192.80%62.91%-47.15%30.17%3528.67%500.78%50.54%-9.55%-76.59%123.14%123.14%500.78%
Return on Assets
-4.06%9.30%2.37%4.44%-0.09%-0.74%5.70%2.50%1.48%-12.19%-12.19%-0.74%
Return On Equity
-7.07%15.81%3.94%7.81%-0.16%-1.38%9.92%4.31%2.51%-23.80%-20.71%-1.38%
Return on Capital Employed
3.77%3.52%3.53%3.22%3.22%3.09%2.83%2.78%2.62%3.01%3.01%3.09%
Liquidity Ratios
Current Ratio
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0.93N/A
Quick Ratio
13.801.732.650.914.990.684.611.0122.250.930.930.68
Cash ratio
6.261.13N/A0.590.62N/AN/A0.17N/AN/AN/AN/A
Days of Sales Outstanding
99.2997.53254.7797.2899.56237.08137.65121.83336.12595.34595.3499.56
Days of Inventory outstanding
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/A
Operating Cycle
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A595.34N/A
Days of Payables Outstanding
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/A
Cash Conversion Cycle
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A595.34N/A
Debt Ratios
Debt Ratio
0.420.390.380.390.410.420.420.400.390.410.410.41
Debt Equity Ratio
0.730.660.640.690.720.790.730.690.670.810.810.72
Long-term Debt to Capitalization
0.420.390.390.400.410.440.420.410.400.440.440.41
Total Debt to Capitalization
0.420.390.390.400.410.440.420.410.400.440.440.41
Interest Coverage Ratio
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/A
Cash Flow to Debt Ratio
0.090.130.040.050.020.010.080.100.070.090.090.02
Company Equity Multiplier
1.741.691.661.751.721.851.731.721.691.951.951.72
Cash Flow Ratios
Operating Cash Flow / Sales Ratio
0.881.330.410.580.230.121.011.220.951.091.090.23
Free Cash Flow / Operating Cash Flow Ratio
111111111111
Cash Flow Coverage Ratio
0.090.130.040.050.020.010.080.100.070.090.090.02
Short Term Coverage Ratio
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/A
Dividend Payout Ratio
-80.31%32.42%136.19%66.84%-2897.35%N/A37.29%84.72%160.27%-20.06%-20.06%-2897.35%